Feds Seize $9M, Stripping Media Baron Of Defense Funds
By Marius Meland
Law360, New York (November 8, 2005, 12:00 AM EST) -- For a man facing lawsuits seeking billions of dollars in damages, the federal government’s seizure of $8.93 million may not seem consequential. But fallen media kingpin Conrad Black was counting on that $8.93 million, the last installment in a $10.5 million payment for his 4,500 square foot Manhattan apartment, to pay his mounting legal fees in the numerous fraud suits against him.
In October, federal investigators seized the check en route to Lord Black, alleging that the money was derived from fraudulent exchanges and therefore subject...